Question: The project charter should be …

Project Management Terminology

Bidder Conference. The meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. Also known as contractor conferences, vendor conferences, or pre-bid conferences.

Mind-Mapping. A technique used to consolidate ideas created through individual brainstorming sessions into a single map to reflect commonality and differences in understanding and to generate new ideas.

Common Acronyms

FPEPA (english) : Fixed price with economic price adjustment

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Question to a Project Management Professional

… elaborated by all members of the project team to describe the working principles and ground rules to which they have agreed.

… issued by a manager external to the project to provide the project manager with the authority to apply organizational resources to project activities.

… submitted by the project manager in order to provide the project sponsor with a clear description deliverable.

… prepared by the project manager and the project team for approval by the client to describe each work package and their deliverables.

Answer & Explanation

Right answer

… elaborated by all members of the project team to describe the working principles and ground rules to which they have agreed.

… issued by a manager external to the project to provide the project manager with the authority to apply organizational resources to project activities.

… submitted by the project manager in order to provide the project sponsor with a clear description deliverable.

… prepared by the project manager and the project team for approval by the client to describe each work package and their deliverables.

Explanation : A project charter is a document that formally recognizes the existence of a project. It should include, or reference, the business need and the product description. It should be issued by a manager external to the project and at a level appropriate to the needs of the project. It provides the project manager with the authority to apply organizational resources to project activities.

See also PMBOK® Guide – Sixth Edition: Sec. 4.1.

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